The Minister of Mineral Resources, Mr Mosebenzi Zwane (MP) published the draft reviewed Broad Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 (the draft reviewed Charter) in the Government Gazette for public comments on Friday 15th April 2016.
The draft reviewed Charter seeks to, inter alia, strengthen the efficacy of the Mining Charter developed in terms of section 100 of the Mineral and Petroleum Resources Development Act, 2002 (Act No 28 of 2002) (MPRDA) as one of the tools for effecting meaningful transformation of the South African mining and minerals industry.
The draft reviewed Mining Charter further seeks to integrate Government’s transformation policies and legislation in order to enhance the ease of doing business, create regulatory clarity, predictability and certainty. In this regard the reviewed Mining Charter is aligned to the provisions of the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003) and the Codes of Good Practice (DTI Codes).
The draft reviewed Charter is accordingly published for a period of 30 days, as defined in the MPRDA, from the date of publication. During this period, the Minister will - as is the norm - engage with organised business and organised labour in the mining industry, to get their inputs on the draft.
Other interested and affected parties are hereby invited to submit written inputs and comments as per the Gazette notice, no later than 31st May 2016.
